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Downtrend Broken Resist.Archive
- 5/15/2026 -
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Fortive Corp (FTV) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Fortive Corp (FTV). During the week, the FTV dropped -1.71 points, or -2.83%, and closed at 58.72 on Friday, May 15, 2026. Weekly volume was -22% below average.
 Long-term trend: [See FTV long-term trend chart]
A long-term downtrend had started on March 22, 2024 at 87.10 and reached 46.34 on August 11, 2025. FTV lost 40.76 points, or 46.80%, in 72 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 31.37 and resistance is at 78.18. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See FTV medium-term trend chart]
A medium-term uptrend had started on March 30, 2026 at 53.48 and reached 62.81 on April 30, 2026. FTV gained -9.33 points, or -17.45%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (60.68) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See FTV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since September 26, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See FTV short-term trend chart]
A short-term downtrend had started on April 30, 2026 at 62.81 and reached 58.40 on May 14, 2026. FTV lost 4.41 points, or 7.02%, in 14 days. The price is now at the 7.26% retracement level.
Daily Technical Indicators: [See FTV daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 29, 2026. This is an indication that the short-term trend is down.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 6.27% on Friday. It is 50.73% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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